🚨NEW: Do the banks actually want the Clarity Act to pass?
@a16zcrypto’s Head of Policy and General Counsel
@milesjennings says he’s seen “no evidence” of the deposit flight banks have warned could result from stablecoin rewards and argues some banks just “don’t want this bill to pass at all.”
Jennings joined us at
@SALTConference Wyoming to break down the path to 60 votes, the banking battle, why SEC action alone can’t give founders long-term certainty and whether the scars of the Gensler era are still driving crypto entrepreneurs away.
Full conversation and links.👇🏼